Polymarket Explained: How Blockchain Prediction Markets Are Shaping the Future of Forecasting

Explore how Polymarket is transforming prediction markets using blockchain, offering a new way to forecast events with greater accuracy and transparency. In th

Polymarket is one of the largest and most popular prediction markets on the blockchain. It allows users to bet on the outcomes of various events: sports, politics, culture, and so on.

User assets are stored in non-custodial wallets. This means that the protocol does not store users' private keys and cannot access their assets.

Proxy Wallets

When a user first uses Polymarket, they need to create an internal wallet. They have two options:

• Use their existing EOA (Externally Owned Account). Metamask, Coinbase, and WalletConnect are supported.
• Use an email address through a technology called Magic Link. Enter your email and receive a special link to access the service.

The wallet is created through ...